The recent situation

The economic growth of Latin America as a whole has been marked by sluggishness and instability, due partly to the changing international environment. Thus, in 2002 the region will have lost half a decade of growth since the Asian crisis, with a decline of around 2% in the per capita product compared with the 1997 level. This figure is not only reflected in a deterioration in the social situation and an increase in poverty, especially during the last two years, but also compromises the region's possibilities of generating conditions which will permit a substantial improvement in the levels of living of the population in the next few years.

Sustainable Development Goals:

Gender Equality

Reduced Inequalities

Sustainable Cities and Communities